Smart Home - Mexico

  • Mexico
  • The Smart Home market in Mexico is projected to achieve a significant milestone in 2024, with estimated revenue of €1,649.0m.
  • This forecasted growth is expected to continue at an annual growth rate (CAGR 2024-2028) of 11.89%, resulting in a projected market volume of €2,585.0m by 2028.
  • Furthermore, the number of active households in the Smart Home market is anticipated to reach [users_currentlayer_yearend] by 2028.
  • In terms of household penetration, it is expected to reach 12.5% in 2024 and is projected to increase to 23.3% by 2028.
  • This indicates a growing interest and adoption of Smart Home market technology among Mexican households.
  • Moreover, the average revenue per installed Smart Home market currently stands at €352.90.
  • This figure reflects the average amount of revenue generated by each Smart Home market installation in Mexico.
  • When compared globally, it is worth noting that United States dominates the Smart Home market, generating the highest revenue of €35,980.0m in 2024.
  • This showcases the significant market presence and potential of Smart Home market technology United States.
  • Overall, these statistics highlight the promising future of the Smart Home market in Mexico, with substantial revenue growth and increasing household adoption projected in the coming years.
  • In Mexico, the smart home market is rapidly growing as homeowners seek to enhance security and convenience through connected devices and automation.

Key regions: United States, United Kingdom, Germany, Europe, Norway

Comparación de regiones


Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of smart home products, excluding taxes.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use the Statista Global Consumer Survey, market data from independent databases and third-party sources, and Statista interviews with market experts. In addition, we use relevant key market indicators and data from country-specific associations, such as household internet penetration and consumer spending for households. This data helps us estimate the market size for each country individually.


In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward smart home integration.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year in case market dynamics change.

Visión general

  • Revenue
  • Smart Homes
  • Demographics
  • Key Players
  • Global Comparison
  • Methodology
  • Key Market Indicators
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